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How much tax should i expect to pay if i plan to sell my stock percentage and are the taxes automatically deducted upon the sale?

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How much tax should i expect to pay if i plan to sell my stock percentage and are the taxes automatically deducted upon the sale?

Taxes are not generally withheld from the proceeds of stock sales, (unless you are subject to backup withholding). A report of the total amount of the sale (not the amount of the gain or loss) is made to the IRS on a form 1099 and that must be accounted for on your return. Stock sales are generally considered a sale of a capital asset and qualify for capital gains taxation. Presuming you meet the qualifications and have owned the stock for 1 year, the Capital gains tax is 15%. if you had it for a shorter period, it will be taxed at your otherwise ordinary tax rate. (BTW, if you aren't already above the lower ordinary tax bracket...still in the 15% ordinary tax bracket...the Long Term Gain rate is only 5%).
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